Keith Gill, also known as “Roaring Kitty,” a stock trader who gained fame during the GameStop frenzy in 2021, is now facing securities fraud claims. A class-action lawsuit filed in the Eastern District of New York accuses Gill of engaging in a “pump and dump” scheme through his social media posts. The lawsuit alleges that
Crypto
June was a month full of ups and downs for Bitcoin, with the price experiencing a significant amount of volatility. The price ranged from a high of $72,000 to a low of just over $58,000. Unfortunately, the bears were able to push the price down by 7.12% overall. This raises the question – what can
Market analysts at CryptoQuant have identified several on-chain metrics that could potentially signal a turning point for Bitcoin and cryptocurrency prices. These metrics include indicators such as bullish momentum, Bitcoin demand growth, and stablecoin liquidity growth. These factors are crucial in determining whether the market has hit bottom and is poised for a potential rally.
The European Central Bank (ECB) recently provided an update on its progress towards the creation of a digital Euro CBDC, and it has become apparent that privacy and data protection are at the forefront of their priorities. However, upon further examination, it seems that the features of this digital currency may actually have the opposite
Ethereum experienced a 3% decrease in price this week, putting it in a downtrend. The key support level at $3,500 is under threat, and buyers are struggling to prevent a breakdown. To reverse the downtrend, ETH needs to surpass $3,700 and challenge the resistance at $4,000. Failure to defend the support could lead to a
The cryptocurrency markets are experiencing a decline with Bitcoin sliding towards the $60K mark. The total market capitalization is currently at $2.37 trillion, reflecting a downward trend. Bitcoin’s price has decreased by 1.3% in the past 24 hours, resulting in a total weekly loss of around 6%. The trading volume has also been relatively low,
T-Rex Group, a financial services company, recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is gaining attention as potentially one of the most volatile ETFs in the country. The fund, named ‘T-Rex 2X Long MSTR Daily Target ETF’, aims to magnify the daily performance of
There has been much speculation surrounding potential interest rate cuts by the U.S. central bank in September or November. Analyst ‘RamenPanda’ predicts that there will be no sharp correction following these cuts. He points out that historically, during times of financial crisis, such as in 2008, the Fed has cut rates to stabilize the economy.
The upcoming Bitcoin options expiry event on Friday will see around 107,000 contracts expire with a notional value of $6.6 billion. This end-of-month expiry is much larger than usual end-of-week expiries, potentially leading to increased market volatility. The put/call ratio for the current options stands at 0.5, indicating that twice as many long (call) contracts
Bitcoin, the leading cryptocurrency, experienced a whirlwind of price fluctuations recently. Surging past $62,000, it seemed like the digital asset was on a unstoppable upward trajectory. However, this bullish run was short-lived as Bitcoin failed to maintain its momentum and retraced back below that level. The asset’s price volatility left investors on edge, uncertain of
